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Podcast: Wealth Formula Podcast
Episode: 309: A Money Revolution?
Description: Money has taken on many forms throughout history. In the last couple of centuries gold has been the dominant form of money recognized globally. In 1912 J.P. Morgan himself said, "Money is gold, and nothing else". Yet the relevance of gold has really come into question since Nixon took the dollar off the gold standard in 1971. That move has been vilified by Austrian economists and others who treasure the concept of sound money. The revolution that started in 1971 changed the global economy from one based on gold to one based on credit. That sounds like anathema doesn't it? Well…maybe a...